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New Delhi [India], March 30 (ANI): The Union government has taken various steps to support farmers, including small and marginal, through increasing access to Kisan Credit Cards (KCC), and promoting their digital issuance in all States/UT. According to a statement released by the Ministry of Finance, "the Priority Sector Guidelines of Reserve Bank of India (RBI) issued to banks, and Ground Level Agriculture Credit (GLC) Target by the Government to banks act as key policy instruments in scaling ...Read More >
Mumbai, Mar 30 (PTI) The rupee on Monday breached the 95/USD-mark in intra-day trade on Monday and settled at 94.78 (provisional) against the American currency after Iran war escalation jolted global markets, fuelling rupee volatility and risk-off sentiment. Forex traders said the USD/INR pair witnessed high volatility and swung 165 paise during intra-day trade as the West Asia crisis entered the 31st day keeping energy markets nervous. At the interbank foreign exchange, the rupee opened at 93 ...Read More >
New Delhi, Mar 10 (UNI) union Minister of State for Personnel, Public Grievances and Pensions Jitendra Singh on Tuesday interacted with representatives of various pensioners' associations and chaired the 35th meeting of the Standing Committee of Voluntary Agencies (SCOVA) in New Delhi. SCOVA was constituted in 1986 by the Department of Pension and Pensioners' Welfare to institutionalise coordination between the government and pensioners' associations. The committee functions under the chairman ...Read More >
NEW DELHI, March 12 (Reuters) - India's retail inflation rose to 3.21% year-over-year in February, driven by higher prices of food, personal care products and precious metals, government data showed on Thursday. The key price gauge stayed below the Reserve Bank of India's target of 4% and within its tolerance band of 2%-6%, even though soaring oil prices due to the Iran war have raised risks for higher inflation in Asia's fifth-largest economy. A Reuters poll had projected inflation at 3.1%. T ...Read More >
New Delhi, Mar 2 (PTI) Amazon India on Monday announced 'Zero Referral fee' on more than 12.5 crore products, a move, the ecommerce giant said, aims to accelerate growth for lakhs of sellers across the country. Building on last year's fee revision, the company has expanded zero referral fees coverage more than 10-times from 1.2 crore products in 2025 to over 12.5 crore products priced under Rs 1,000 across 1,800-plus categories, the company said in a release. In addition, Amazon has reduced Ea ...Read More >
Bengaluru, March 2 (SocialNews.XYZ) Union Minister for Heavy Industries and Steel, H.D. Kumaraswamy, said on Monday that the Central government is committed to protecting the interests of tobacco growers in Karnataka. Kumaraswamy made the statement after a crucial meeting in Mysuru with public representatives from tobacco-growing regions, farmers, buyers, and senior officials of the Tobacco Board regarding the ongoing crisis related to the current FCV (Flue-Cured Virginia) tobacco auction in th ...Read More >
The survey claimed that the economic growth in the 2024-25 financial year was 7.02 per cent, exceeding the national average of 6.5 per cent, and marking the fourth consecutive year of growth above 7 per cent. "The real GSDP is expected to reach ₹3,21,892 crore in 2025-26 and ₹3,41,064 crore in 2026-27, representing a growth of 6.17 per cent and 5.96 per cent, respectively. At current prices, GSDP is projected to cross ₹5.6 lakh crore in 2025-26 and approach ₹6.1 lakh crore in 2026-27," t ...Read More >
New Delhi, Feb 23 (PTI) Reserve Bank Governor Sanjay Malhotra on Monday said the central bank is keeping a watch on the development around Rs 590-crore alleged fraud at IDFC First Bank, and assured it was not a "systemic issue". Private sector IDFC First Bank had on Sunday disclosed a Rs 590-crore fraud committed by certain employees and others at a particular branch in Chandigarh in a specific set of Haryana state government accounts. "We are watching the development...there is no systemic is ...Read More >
New Delhi [India], February 16 (ANI): Unified Payments Interface (UPI) has emerged as the most preferred mode of transaction, accounting for 57 per cent, surpassing cash transactions at 38 per cent, primarily due to ease of use and instant fund transfer capability, according to a survey. The Department of Financial Services (DFS), Ministry of Finance, released a report titled 'Socio-Economic Impact Analysis of the Incentive Scheme for Promotion of RuPay Debit Card and low-value BHIM-UPI (Person ...Read More >
New Delhi, Feb 16 (SocialNews.XYZ) UPI has emerged as the most preferred mode of payment, accounting for 57 per cent of total payment transactions in India, surpassing cash transactions at 38 per cent, primarily due to ease of use and instant fund transfer capability, according to an independent study commissioned by the Finance Ministry. Digital payments now dominate everyday transaction behaviour, with 65 per cent of UPI users reporting multiple digital transactions per day. Preference for UP ...Read More >
New Delhi [India], February 16 (ANI): The five publicly listed Real Estate Investment Trusts (REITs) in India have collectively distributed over Rs 2,450 crore to more than 3.8 lakh unitholders during the third quarter of FY26, according to the Indian REITs Association (IRA). India's listed REITs include Brookfield India Real Estate Trust, Embassy Office Parks REIT, Knowledge Realty Trust, Mindspace Business Parks REIT, and Nexus Select Trust. Also Read | Pakistan Gold Rate Today, February 16, ...Read More >
Srinagar, Dec 17: Chief Minister Omar Abdullah on Wednesday drew parallels between Bihar Chief Minister Nitish Kumar's recent act of touching a Muslim woman's hijab and a past election-related controversy in Jammu and Kashmir involving Peoples Democratic Party (PDP) president Mehbooba Mufti, terming both incidents a manifestation of a "regressive mindset". Speaking to reporters in Srinagar, Omar said such episodes were not isolated and recalled an incident from an earlier election when, he alle ...Read More >
Union Finance Minister Nirmala Sitharaman introduced the Sabka Bima Sabki Raksha Bill, 2025, proposing to raise FDI in the insurance sector to 100%. The bill aims to provide insurance to all by 2047, amending key insurance laws and establishing a policyholder protection fund. This move seeks to accelerate sector growth and enhance policyholder security. Union Finance Minister Nirmala Sitharaman on Tuesday introduced The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025 in Lok Sab ...Read More >
New Delhi, Dec 17 (SocialNews.XYZ) The Rajya Sabha on Wednesday witnessed intense debate on the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, which proposes raising foreign direct investment (FDI) in the insurance sector to 100 pe cent from 74 per cent, among other reforms to modernise the industry and achieve 'Insurance for All by 2047'. The Bill, passed by the Lok Sabha on December 16, amends the Insurance Act, 1938; Life Insurance Corporation Act, 1956; and Insurance Regu ...Read More >
Mumbai, Dec 17 (PTI) The rupee witnessed high volatility in early trade on Wednesday, as support from easing crude oil prices was offset by uncertainty over the India-US trade deal and persistent foreign fund outflows. Forex traders said the key driver of rupee weakness in December was continued FPI selling across both equity and debt markets, with foreign investors repeatedly selling several billion dollars' worth of Indian assets on a daily basis in the last few months, the selling intensifyi ...Read More >
New Delhi: Congress leader Sonia Gandhi flagged the challenges faced by ASHA and Anganwadi workers in the Rajya Sabha, demanding that they be given their remuneration on time, the amount given be doubled and the pending vacancies of nearly three lakh in ICDS be filled. Raising the issue during Zero Hour, Gandhi said, "I rise to draw the urgent attention of this House to the continued distress of women workers implementing critical government programmes -- ASHA workers, Anganwadi workers and hel ...Read More >
Aizawl: The Mizoram government will soon sign a loan agreement worth $108 million with the Asian Development Bank (ADB) to implement and strengthen public healthcare schemes in the state, Health Minister Lalrinpuii said on Tuesday. The Asian Development Bank approved the $108 million loan (approximately Rs 980 crore) on December 5 under the 'Supporting Public Healthcare System Strengthening to Achieve Universal Health Care for Mizoram' project, she said. She added that the Centre will repay 90 ...Read More >
State Bank of India has appointed Ravi Ranjan as its new managing director, effective December 15, 2025. Ranjan, previously a deputy managing director, will serve until his superannuation on September 30, 2028. The Central government made the appointment, and Ranjan is not disqualified from holding the position. State Bank of India has appointed Ravi Ranjan as its managing director with effect from December 15, 2025, India's largest public lender said in a regulatory filing on Monday. The appo ...Read More >
MUMBAI: The Indian rupee on Tuesday slipped to a fresh all-time low, crossing the 91 mark, making it one of the weakest major currencies globally this year and the weakest in Asia in 2025 so far. The pressure on the currency is being driven by uncertainty around the India-US trade deal, continued foreign institutional investor (FII) outflows and persistent US dollar buying. Over the past 9 trading sessions, the currency has declined from 90 to 91 against the dollar, including a one percent drop ...Read More >
Kochi, Dec 16 (PTI) The Kerala High Court on Tuesday stayed for three months, any proceedings pursuant to the show cause notice issued to the KIIFB by the ED in connection with the Masala Bonds issue. The matter pertains to the use of the funds generated through Masala Bonds for acquisition of land for infrastructure projects. While issuing the interim order, Justice V G Arun observed that according to the RBI's External Commercial Borrowings (ECB) framework, which came into effect from Januar ...Read More >
Aizawl: The Mizoram government will soon sign a USD 108 million (around Rs 980 crore) loan agreement with the Asian Development Bank to strengthen the state's public healthcare system. Health Minister Lalrinpuii said on Tuesday that the ADB approved the loan earlier this month under the project titled "Supporting Public Healthcare System Strengthening to Achieve Universal Healthcare for Mizoram." She said the Centre will repay 90 per cent of the loan amount, while the Mizoram government will r ...Read More >
Mumbai, Dec 16 (PTI) The rupee sank to a fresh record low, breaching the 91-a-dollar mark for the first time on Tuesday, even as the government attributed the currency's slide to the widening trade gap and developments related to the India-US trade deal. During the session, the local unit tanked below 91 and hit its lowest level of 91.14 against the US dollar. However, it recouped some of the losses towards the end of the session, settling at 90.93, down 15 paise from its previous close. The I ...Read More >
Mumbai, Dec 16 (PTI) The rupee descended to a fresh record low, breaching the 91-a-dollar mark for the first time before ending 15 paise weaker at 90.93 against the greenback on Tuesday, even as the government in the Rajya Sabha attributed the sliding currency value to the widening trade gap and developments related to the India-US trade deal. During the session, the local unit lost 36 paise from its previous close to hit its lowest-ever level of 91.14 against the greenback, but strengthened sl ...Read More >
Aizawl, Dec 16 (UNI) Mizoram is set to sign a USD 108 million loan agreement with the Asian Development Bank (ADB) to support and strengthen its public healthcare system, Health and Family Welfare Minister Lalrinpuii said on Tuesday. The loan, approved earlier this month, is part of the ADB-funded project titled 'Supporting Public Healthcare System Strengthening to Achieve Universal Healthcare for Mizoram'. The agreement will be formalised once the Ministry of Finance finalises a date for sign ...Read More >
New Delhi [India], December 16 (ANI): The Lok Sabha on Tuesday took up for consideration a bill that seeks to accelerate the growth and development of the insurance sector, ensure better protection of policyholders and improve ease of doing business for insurance companies Moving the 'Sabka Bima, Sabki Raksha (Amendment of Insurance Laws) Bill, 2025' for passage in the House, Union Finance Minister Nirmala Sitharaman said the bill provides for improved regulatory oversight. Also Read | MI Team ...Read More >
New Delhi [India], December 16 (ANI): The Lok Sabha on Tuesday took up for consideration a bill that seeks to accelerate the growth and development of the insurance sector, ensure better protection of policyholders and improve ease of doing business for insurance companies Moving the 'Sabka Bima, Sabki Raksha (Amendment of Insurance Laws) Bill, 2025' for passage in the House, Union Finance Minister Nirmala Sitharaman said the bill provides for improved regulatory oversight. "We want the regula ...Read More >
New Delhi [India], December 16 (ANI): Congress Parliamentary Party Chairperson Sonia Gandhi on Tuesday drew the attention of the Rajya Sabha to the ongoing distress faced by women workers implementing critical government programs, including ASHA workers, Anganwadi workers and helpers, and community resource persons under the National Rural Livelihood Mission. Speaking in the Rajya Sabha, Gandhi said, "I rise to draw the urgent attention of this House to the continued distress of women workers i ...Read More >
Cachar (Assam) [India], December 16 (ANI): In a major haul, police recovered and seized 90,000 Yaba tablets worth Rs 26 crore in Assam's Cachar district on Monday, officials said. Police also apprehended two persons and recovered the drugs from the secret chamber of a truck. Also Read | India Fastest Growing Economy, No 'Dead Economy' Gets Credit Rating Upgrade, Finance Minister Nirmala Sitharaman Tells Parliament. Partha Protim Das, Senior Superintendent of Police of Cachar district, said th ...Read More >
New Delhi: India has seen broad-based economic growth and the asset ownership gap between the rich and the others has been narrowing over the past decade despite the pandemic blues, finance minister Nirmala Sitharaman said on Monday. Replying to a discussion on the first batch of supplementary demands for grants for 2025-26 in the Lok Sabha, the minister also countered the "dead economy" jibe, highlighting sovereign rating upgrades for India by three global agencies, including S&P, this year. ...Read More >
New Delhi, Dec 15 (SocialNews.XYZ) The Reserve Bank of India, as on March 31 this year, held 879.58 metric tonnes of gold as compared to 822.10 metric tonnes as on March 31, 2024, reflecting an increase of 57.48 metric tonnes, the Parliament was informed on Monday. These gold holdings contribute to strengthening confidence in the Indian rupee and the overall external stability of the economy, Minister of State for Finance Pankaj Chaudhary told the Lok Sabha in a reply to a question. To questio ...Read More >
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